Hello Pal Correlations

HLLPF Stock

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The current 90-days correlation between Hello Pal International and NextPlat Corp is 0.05 (i.e., Significant diversification). The correlation of Hello Pal is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Hello Pal Correlation With Market

Significant diversification

The correlation between Hello Pal International and DJI is 0.07 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Hello Pal International and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Hello Pal could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Hello Pal when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Hello Pal - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Hello Pal International to buy it.

Related Correlations Analysis

	NXPLW	WALD	ALKT	ADEA	PYCR	BSY	APPF	WK	ZI	SSNC
NXPLW		0.51	-0.52	-0.16	-0.46	0.27	0.05	-0.42	-0.29	0.01	NXPLW
WALD	0.51		-0.5	-0.01	-0.31	0.1	0.02	-0.42	0.02	-0.04	WALD
ALKT	-0.52	-0.5		0.41	0.76	-0.17	-0.03	0.78	0.57	0.05	ALKT
ADEA	-0.16	-0.01	0.41		0.22	0.48	-0.14	0.15	0.53	0.02	ADEA
PYCR	-0.46	-0.31	0.76	0.22		-0.28	0.46	0.92	0.64	0.15	PYCR
BSY	0.27	0.1	-0.17	0.48	-0.28		0.05	-0.19	0.11	0.32	BSY
APPF	0.05	0.02	-0.03	-0.14	0.46	0.05		0.45	0.07	0.29	APPF
WK	-0.42	-0.42	0.78	0.15	0.92	-0.19	0.45		0.55	0.35	WK
ZI	-0.29	0.02	0.57	0.53	0.64	0.11	0.07	0.55		0.05	ZI
SSNC	0.01	-0.04	0.05	0.02	0.15	0.32	0.29	0.35	0.05		SSNC
	NXPLW	WALD	ALKT	ADEA	PYCR	BSY	APPF	WK	ZI	SSNC

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Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

WK	+ 0.92	PYCR
WK	+ 0.78	ALKT
PYCR	+ 0.76	ALKT
ZI	+ 0.64	PYCR
ZI	+ 0.57	ALKT
ZI	+ 0.55	WK

High negative correlations

ALKT	- 0.52	NXPLW
ALKT	- 0.5	WALD
PYCR	- 0.46	NXPLW
WK	- 0.42	WALD
WK	- 0.42	NXPLW
PYCR	- 0.31	WALD

Risk-Adjusted Indicators

There is a big difference between Hello Pink Sheet performing well and Hello Pal Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Hello Pal's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
NXPLW	5.37	(0.41)	0.00	(0.11)	0.00	0.00	12.12	(16.67)	57.70
WALD	3.24	(0.07)	0.03	0.10	3.51	(3.81)	6.40	(5.94)	23.26
ALKT	1.98	0.05	0.07	0.15	2.36	(2.19)	5.03	(4.89)	12.66
ADEA	1.94	(0.18)	(0.02)	0.02	3.79	(2.05)	3.84	(3.43)	28.06
PYCR	1.49	0.20	0.13	0.28	1.40	(1.63)	3.12	(2.96)	9.64
BSY	1.23	(0.12)	0.00	(0.04)	0.00	0.00	2.30	(3.12)	8.31
APPF	1.43	0.01	0.02	0.13	2.15	(1.56)	2.86	(2.27)	15.04
WK	1.52	0.14	0.13	0.21	1.38	(1.68)	3.56	(2.83)	8.56
ZI	2.17	0.04	0.02	0.15	3.99	(2.23)	5.08	(3.43)	25.30
SSNC	0.85	(0.07)	(0.04)	0.06	1.53	(0.79)	1.60	(1.31)	8.66

Be your own money manager

Our tools can tell you how much better you can do entering a position in Hello Pal without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Hello Pal Corporate Management

Jingsu Huang	Chief Officer	Profile
James Harris	Sec	Profile
Jun Chai	VP Director	Profile
Kean Wong	Chairman Founder	Profile
Gang Zhou	Pres Director	Profile
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